In a massive development, the Central Bureau of India on Sunday registered a case against Moser Baer India Ltd on charges of loan fraud of Rs 354.51 crore. The case has been against the company after a complaint filed by the Central Bank of India in the matter.
As per news agency PTI, the CBI is currently conducting searches at offices, residences for former and present directors of Moser Baer company in the alleged bank fraud case. On Sunday, the CBI also booked Ratul Puri and four other directors in connection with the bank fraud case. Ratul Puri is the son of Deepak Puri, who is the owner and promoter of Moser Baer group in India. Others booked in the matter include Managing Director Deepak Puri, Directors Nita Puri, Sanjay Jain and Vineet Sharma.
This development has come days after the Income Tax Department attached properties and FDI of Madhya Pradesh Chief Minister Kamal Nath's nephew Ratul Puri as a part of its probe under anti-Benami law against him. On August 12, the IT Department attached an Rs 300-crore bungalow in Delhi and FDI worth $40 billion of Ratul Puri and his father, Deepak Puri, who is notably the owner and promoter of Moser Baer group in India.
The bungalow attached by the IT department, located at Delhi's APJ Abdul Kalam Road, is in the name of Moser Baer firm owned by Ratul Puri's father. Furthermore, the IT officials also informed that the assets, including an FDI amount of $40 million, have been provisionally attached under the anti-benami law and is related to the case against Ratul Puri and Deepak Puri.
While Ratul Puri is being probed on money laundering charges in relation to the AgustaWestland VVIP choppers case, this is a second such I-T action against the nephew of senior Congress leader Kamal Nath.
(With PTI inputs)